Product
November 8, 2021
Written by Michael Cowden
Steel industry lobbying groups and trade unions cheered passage of the bipartisan House $1 trillion infrastructure bill – which experts estimate could result in millions of tons of new steel demand.
The legislation devotes approximately $850 billion to steel-intensive infrastructure, according to estimates from the American Iron and Steel Institute (AISI).
The latest tally of active drilling rigs increased in Canada while slightly easing in the US this week, according to oil and gas rig count data published by Baker Hughes.
As substrate costs continue to rise, Nucor Tubular Products announced a price increase for heavy structural sections (HSS), mechanical, and piling products.
Iron ore shipments from US ports on the Great Lakes slipped in September from a year earlier, according to the Lake Carriers Association (LCA).
The Department of Commerce thinks revoking the anti-dumping duty (AD) orders on cut-to-length carbon steel plate from China and Russia would lead to the recurrence of dumping at significant margins.
Algoma Steel Group Inc. expects the first heat from its second electric-arc furnace (EAF) in the coming days, even as it forecasts a quarterly EBITDA loss and a 20% decline in shipments.